Gevo, Inc. (NASDAQ:GEVO) Given Average Rating of “Moderate Buy” by Brokerages

Gevo, Inc. (NASDAQ:GEVO) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $6.4167.

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. UBS Group upped their price target on Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Zacks Research raised Gevo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Northland Securities assumed coverage on Gevo in a research note on Monday, December 1st. They set an “outperform” rating and a $3.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th.

Insider Activity

In other Gevo news, COO Christopher Michael Ryan sold 100,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $2.82, for a total value of $282,000.00. Following the completion of the transaction, the chief operating officer owned 1,531,938 shares of the company’s stock, valued at approximately $4,320,065.16. This trade represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Angelo Amorelli sold 100,000 shares of Gevo stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $2.50, for a total transaction of $250,000.00. Following the sale, the director owned 2,942 shares of the company’s stock, valued at $7,355. The trade was a 97.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 397,954 shares of company stock valued at $941,982. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gevo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. Vanguard Group Inc. grew its stake in Gevo by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after purchasing an additional 455,543 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gevo by 104.5% during the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after purchasing an additional 2,873,940 shares during the period. Invesco Ltd. boosted its position in Gevo by 6.3% in the third quarter. Invesco Ltd. now owns 4,159,485 shares of the energy company’s stock valued at $8,153,000 after buying an additional 244,983 shares during the last quarter. Millennium Management LLC boosted its position in Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after buying an additional 61,919 shares during the last quarter. Finally, First Bank & Trust acquired a new position in Gevo in the 3rd quarter worth approximately $6,007,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Price Performance

Shares of GEVO stock opened at $2.29 on Monday. The stock’s 50-day moving average is $2.20 and its 200 day moving average is $1.74. Gevo has a 1-year low of $0.92 and a 1-year high of $2.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. The company has a market cap of $554.89 million, a P/E ratio of -11.45 and a beta of 1.44.

Gevo (NASDAQ:GEVO) last announced its earnings results on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. The business had revenue of $42.71 million during the quarter, compared to the consensus estimate of $26.82 million. Research analysts predict that Gevo will post -0.42 earnings per share for the current fiscal year.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.